Houston-based EnCap Investments, an energy-focused private equity firm, has closed its seventh fund, with total capital commitments of $2.5 billion.

The firm said it has already committed $550 million of EnCap Energy Capital Fund VII to nine portfolio companies, four of which are led by management teams that EnCap has backed in prior funds.

“We are most appreciative of our existing investors whose ongoing support has helped us build this franchise over the past two decades, as well as the opportunity to enter into relationships with a number of new institutional partners,” said the firm.

“It is always gratifying in a fundraising effort to reach your hard cap and end up substantially oversubscribed. We believe the high level of investor interest is largely due to our track record of consistently generating attractive returns across multiple industry cycles, in addition to the fact that we continue to see compelling investment opportunities in our space.”